Israel Economic Sentiment

Israel: BoI State of the Economy index deteriorates in November

December 22, 2015

In November, the Bank of Israel (BoI) Composite State of the Economy index increased 0.16% over the previous month, which was down from the 0.22% increase observed in October. According to the Bank, the index in November was positively impacted by an increase in exports of goods and the job vacancy rate.

On an annual basis, the State of the Economy index rose 2.9% in November, which marked a deterioration over the 3.0% increase observed in October. The annual average variation in the index inched up from 2.7% in October to 2.8% in November, thus hitting the highest level in nearly two years.

Met the why particular Consensus Forecast panelists foresee the economy growing 2.5% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, the panel projects that the economy will expand 3.1%.